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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,400,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
COMMERCIAL and RESIDENTIAL in DOWNTOWN London. Great investment or owner occupied opportunity in prime location downtown London along Dundas Place, mere steps to Budweiser Gardens, Covent Garden Market, many new residential developments and great shops and restaurants. This property has retail frontage on the renewed Dundas flex street as well as a rare retail frontage directly overlooking the busy Covent Market Square. A great addition to any portfolio. Residential units are vacant and with some finishing touches, you can set new market rents. This one is well worth a look. (id:39198)
Location
Province
Ontario
City
London
Address
119 Dundas St
Postal Code
N6A1E8
Location Highlights
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Listed by
RE/MAX ADVANTAGE REALTY LTD., BROKERAGE Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
5,145
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$1,400,000
Asking Price
$1,400,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
5,145
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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